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Nigeria’s oil theft hits 3.33 million barrels, threaten 2026 manufacturing goal

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FILE PHOTO: Oil pours out of a spout from Edwin Drake’s authentic 1859 effectively that launched the trendy petroleum trade on the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October 5, 2017. REUTERS/Brendan McDermid

Nigeria misplaced roughly 3.33 million barrels of crude oil to theft in 2025, with almost 66 per cent of the reported losses occurring within the ultimate quarter of 2025, elevating recent issues in regards to the nation’s persistent oil-sector safety challenges and its potential to maximise petroleum revenues.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), in its 2025 annual report launched on Thursday, disclosed that 2.19 million barrels had been stolen within the fourth quarter alone, representing the best quarterly quantity recorded throughout the 12 months.

A breakdown of the report confirmed that the second quarter recorded a destructive 200,400 barrels, which the fee attributed to an extra quantity recognized throughout reconciliation, whereas reported theft stood at 440,434 barrels within the third quarter.

The fourth-quarter of 2025 determine of two.19 million barrels, nonetheless, accounted for about 66 per cent of the annual reported losses, suggesting a major deterioration within the theft scenario in the direction of the tip of 2025.

The focus of losses within the ultimate quarter raises questions in regards to the effectiveness and consistency of current surveillance preparations, notably as crude oil stays a significant supply of Nigeria’s international alternate earnings and authorities income.

The NUPRC report confirmed that Nigeria produced 541.08 million barrels of crude oil and blended condensate in 2025.

Production elevated from 132.70 million barrels within the first quarter to 137.69 million barrels within the second quarter earlier than declining barely to 137.45 million barrels within the third quarter and 133.23 million barrels within the fourth quarter.

Although the manufacturing figures point out comparatively secure quarterly output, crude theft and different operational disruptions proceed to undermine the nation’s potential to translate its petroleum sources into most financial advantages.

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